Quote from: Babylon on July 17, 2010, 08:42:30 AM
In this case it seems the point is more to speed up transactions without losing security, which looks more like a debit account than an escrow service, but I may be misunderstanding what an escrow service is.
You’re not misunderstanding. Escrow and debit are similar services and their definitions overlap. I was stretching the definition. Debit fits my description just as well if not better than escrow. I was just putting the emphasis on the fact that the company, whatever it’s called, can transfer bitcoin balances on an accounting sheet instantly without having to wait for a real bitcoin transaction, but like is described in the fractional reserve lending thread.